We have audited the accompanying financial statements ofM/s. SC Agrotech Limited which comprise the Balance Sheet as at
31st March, 2024, the Profit & Loss Account and Cash Flow Statement for the year ending 31.03.2024 and a summaiy of
significant accounting policies and other explanatoiy information. These financial statements are the responsibility of the
Company’s management. Our responsibility is to express an opinion on these financial statements based on our audit.
OPINION
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial
statements gh'e the information required by the Act in the manner so required and give a true and fair view in conformity with
the accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2024 and its profit
for the year ended on that date.
BASIS OF OPINION
We conducted our audit in accordance with the standards on auditing specified under section 143 (10) of the Companies Act,
2013. Our responsibilities under those Standards are further described in the auditor’s responsibilities for the audit of the
financial statements section of our report. We are independent of the Companyt in accordance with the code of ethics issued by
the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the
financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the code of ethics. We beliex'e that the audit evidence we have
obtained is sufficient and appropriate to proride a basis for our opinion.
MATERIAL UNCERTAINTY RELATED TO GOING CONCERN (INCL UDE ONLY IS APPLICABLE)
The Company is incorporated in 28.11.1990.
As per the Financial Statements & review of records and evidence, it seems that company have enough finds and assets as
compared to its liabilities. These factors do not make any doubt on uncertainty of company as a going concern.
KEY A UDITMA TIERS
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial
statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole,
and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
Reporting of key; audit matters as per SA 701, Key Audit Matters are not applicable to the Company as it is an unlisted
company'.
INFORMATION OTHER THAN THE FINANCIAL STATEMENTS AND AUDITORS9 REPORT THEREON
The Company’s board of directors are responsible for the preparation of the other information. The other information
comprises the information included in the Board’s Repori including Annexures to Board’s Repori, Business Responsibility
Report but does not include the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so,
consider whether the other information is materially' inconsistent w ith the standalone financial statements or our knowledge
obtained during the course of our audit or otherwise appears to be materially misstated.
If, based on the work we hct\'e performed!, we conclude that there is a material misstatement of this other information, we are
required to report that fact. However, we have nothing to report in this regard
MANAGEMENT’S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
The Company’s Board of Directors are responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the
Act”) with respect to the preparation of these financial statements that give a true and fair view of the financial position and
financial performance of the Company* in accordance with the accounting principles generally accepted in India, including the
Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This
responsibility> also includes maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding the assets of the Company and for preventing and detecting fiauds and other irregularities; selection and
application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design,
implementation and maintenance of adequate internal financial controls, that were operating effectively' for ensuring the
accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements
that give a true andfair view and are free from material misstatement, whether due to fraud or error.
A EDITOR’S RESPONSIBILITY
Our responsibility’ is to express an opinion on these financial statements based on our audit. We have taken into account the
provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report
under the provisions of the Act and the Rules made there under.
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those
Standards require that we comply’ with ethical requirements and plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers
internal financial control relevant to the Company’s preparation of the financial statements that give a tnie and fair view in
order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on
whether the Company has in place an adequate internal financial control system over financial reporting and the operating
effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the
reasonableness of the accounting estimates made by the Company’ ’s Directors, as well as evaluating the overall presentation of
the financial statements.
We believ’e that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the
financial statements.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
1- As required by’ the Companies (Auditor’s Report) Order, 2020 ("the Order”) issued by* the Central Government of India in terms
of sub-section (11) of section 143 of the Act, we give in the Annexure “A ” a statement on the matters specified in the paragraph 3
and 4 of the Order, to the extent applicable.
2- As required by* Section 143(3) of the Act, we report that:
(a) We hav’e sought and obtained all the information and explanations which to the best of our knowledge and belief were
necessaiyfior the purposes of our audit.
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears fiom our
examination of those books and proper returns adequate for the purpose of this audit has been received fiom branches not
visited by’ us.
(c) The Balance Sheet, the Statement of Profit and Loss and cash flow statement dealt with by' this Report are in agreement with the
books of account.
(d) In our opinion, the aforesaidfinancial statements comply' with the Accounting Standards specified under Section 133 of the Act,
read with Rule 7 of the Companies (Accounts) Rules, 2014.
(e) On the basis of the written representations received fiom the directors as on March 31, 2024 and taken on record by the Board
of Directors, none of the directors is disqualified as on March 31, 2024, fiom being appointed as a director in terms of Section
164(2) of the Act.
(f) With respect to the adequacy’ of the in tenia l financial controls over financial reporting the company’ and operating effectiveness
of such controls, refer to our separate report in annexure “B”.
(g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. On the basis of written representations receivedfrom management as on March 31, 2024, The Company> is not involved in
any litigations pending as at 31st March 2024 on its financial positions in its financial statements.
ii. The Company does not have any long-tenn contracts including derivative connacts for which there were any mateiial
foreseeable losses.
Hi. There were no amounts which were required to be transfeired to the Investor Education and Protection Fund by the
Company\
For MANOJSANGEETA & ASSOCIATES
Chartered Accountants
FRNNO 021873N
SDA
CA BAL WANT SINGH A GG.4R W.4L
Partner, Place: New Delhi
M No. 081261 Date : 29.05.2024
UDIN- 24081261BKFPVJ9434
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